Natural Gas Prices Fall on Warm Weather
Natural gas prices lost more on Wednesday than any session in the last seven weeks as warm weather and expectations for limited heating demand force bullish traders from the market. Continue Reading
No Near-Term Recovery For Offshore Rig Market
The offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook. Offshore drilling in many parts of the world is Continue Reading
Stronger-than-expected La Niña may be brewing: Braun
Many have doubted forecasts calling for the onset of the first La Niña in almost five years, believing that its failure to materialize in convincing fashion last summer – as Continue Reading
OPEC Price War Offers Meager Rewards as Shale Learns to Survive
Surviving boom and bust cycle affirmed shale viability: Exxon U.S. executives say they can grow output at $50 a barrel When the Organization of Petroleum Exporting Countries started its price Continue Reading
The World’s Biggest Oil Kingdom Reverses Course
The Year Ahead In an effort to get prices off the mat, Saudi Arabia looks to pull back on the amount of crude it pumps. The Shaybah oil field in Continue Reading
Saudi Arabia Launches $17.5 Billion Bond Sale to Global Investors
The King Abdullah financial district in Riyadh, Saudi Arabia. Saudi Arabia joins other oil exporters… Saudi Arabia launched the sale of $17.5 billion of debt on Wednesday, according to two Continue Reading
How Saudi Arabia pulled off a record $17.5bn bond sale
Saudi Arabia’s ambitious plan to chart a course away from oil dependence and towards a more diversified economy is off to a flying start — with a blockbuster$17.5bn debut sovereign Continue Reading
Venezuela: Regional Elections Postponed To 2017
Venezuela’s regional elections, originally scheduled for December 2016, will now be held in 2017, National Electoral Council President Tibisay Lucena said Oct. 19, Panorama reported. Regional election primaries will be Continue Reading
Venezuela congress probe says $11 billion unaccounted for at PDVSA
Venezuela’s congressional investigations commission said on Wednesday some $11 billion dollars were unaccounted for between 2004 and 2014 at state oil company PDVSA [PDVSA.UL] Describing the amount as “more than Continue Reading
Asian shares firm, betting China won’t disappoint
Asian shares inched ahead on Wednesday after Wall Street got a lift from encouraging corporate earnings and investors wagered a coming barrage of Chinese data would confirm the economy had Continue Reading